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Press Release

ERC Responds to S&P Ratings Action

September 03, 2003

ERC Responds to S&P Ratings Action OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 3, 2003--GE's Employers Reinsurance Corporation (GE ERC) today responded to Standard & Poor's A+ rating by reaffirming the company's financial strength and progress on its turnaround.

S&P's rating says more about our past than our future, said Ron Pressman, Chairman, President, CEO. We have faced the challenges of the past and made tremendous progress. ERC has never been stronger financially or strategically than it is today, and our future is bright.

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Press Release

GE Consumer Finance, Brooks Brothers Sign 3-Year Private Label Credit Card Extension

August 26, 2003

STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 26, 2003--GE Consumer Finance announced today that it has signed a three-year extension of its agreement with Brooks Brothers, a leading American retailer of upscale men's and women's clothing currently celebrating its 185th anniversary, to continue to provide private label credit card services for consumers.

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Press Release

General Electric Launches GE Business Credit Services

August 11, 2003

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Aug. 11, 2003--To meet the rapidly changing financing needs of businesses in North America, General Electric announced today the launch of GE Business Credit Services.

The new organization, formerly GE Distribution Finance, will continue its role as a leading provider of inventory finance, but has expanded its business structure to include commercial sales finance. Services encompass open account trade receivable management, business revolving charge programs, and receivables purchasing.

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Press Release

GE Commercial Finance Agrees to Acquire Most of Transamerica's Commercial Finance Business

August 04, 2003

STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 5, 2003--

-- Strategic Fit of Products and Services
-- Expands GE's Distribution Finance Platform
-- Enhances Key GE Commercial Finance Segments

GE Commercial Finance, the business-to-business financial services unit of the General Electric Company (NYSE: GE), announced today it has agreed to acquire most of Transamerica's commercial finance business. The transaction will add approximately $8.5 billion in managed assets to GE Commercial Finance's $200 billion asset portfolio.

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Press Release

GE Financial Survey Finds Nursing Home Care Now Costs over $85,000 in Top Markets

August 04, 2003

RICHMOND, Va.--(BUSINESS WIRE)--Aug. 4, 2003-- Average Costs Rise 7% in Two Years;

Range from $35,900 to $166,700 Annually

A survey of nursing home costs commissioned by GE Financial's Long Term Care Insurance division shows that a year in a nursing home costs approximately $85,000 or more in the nation's five most expensive areas. The cost of a year of nursing home care in Alaska, the most expensive area in the country to obtain such care, is $166,700. Louisiana is the least expensive, with an average annual cost of $35,900.

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Press Release

GE Insurance to Sell Financial Guaranty Insurance Company to a Group of Investors Led by The PMI Group, Inc.

August 04, 2003

RICHMOND, Va.--(BUSINESS WIRE)--Aug. 4, 2003--GE Insurance today announced it has reached a definitive agreement to sell Financial Guaranty Insurance Company (FGIC) to a group of investors led by The PMI Group, Inc. (PMI).

GE will realize total value from the transaction of approximately $2.16 billion. This transaction is consistent with GE Insurance's strategy to focus its global operations on key segments, while allowing GE to selectively re-deploy capital in new business lines it intends to grow rapidly.

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Press Release

Making the World A Safer Place for Fort Wayne Children; GE MedPro Volunteers Perform Project Safeguard Safety Retrofits At Four Local Daycare Centers

July 25, 2003

FORT WAYNE, Ind.--(BUSINESS WIRE)--July 25, 2003--As part of GE Medical Protective's annual Day of Caring, more than 100 volunteers from MedPro performed a series of Project Safeguard(SM) safety retrofits at four Fort Wayne daycare centers. Those centers are Children's Cottage (2820 Reed Street), TLC (2041 Reed Road), Lamb Ministries (14621 Amstutz Road) and Matthew's House (2305 Goshen Road).

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Press Release

GE Financial Wins Three Technology Awards

July 01, 2003

RICHMOND, Va.--(BUSINESS WIRE)--July 1, 2003-- Company recognized at industry conference for being the first life insurance company to deliver ACORD XML pending case downloads GE Financial today announced it received three awards for technical excellence from the Association for Cooperative Operations Research and Development (ACORD), a non-profit organization aimed at standardizing technology and applications used across the insurance industry.

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New Study Finds Americans Underestimate Life Expectancy and Amount of Money Needed During Retirement; GE Center forFinancial Learning Launches Second Annual National $tart Out $aving Week

June 30, 2003

RICHMOND, Va.--(BUSINESS WIRE)--June 30, 2003--

Americans Encouraged to Secure Their Financial Independence This July 4th

The GE Center for Financial Learning today announced the start of its Second Annual $tart Out $aving Week, which runs today through July 5. As part of this national initiative, which encourages

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Press Release

GE ERC Comments on Revised A.M. Best Ratings

June 26, 2003

OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 26, 2003--GE's Employers Reinsurance Corporation (GE ERC) announced today it received revised ratings from the A.M. Best Company.

For the first time under current ownership, A.M. Best is evaluating ERC as a standalone business, eliminating any historic ratings enhancement from its ownership by the General Electric Company.

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